BLND - Hot Stocks: JNJ's new boss; mad pilots at LUV; Topps splits with MLB; BLND falls on earnings
Johnson & Johnson (NYSE:JNJ) generated chatter on Wall Street during Friday's midday trading after word emerged that the company's top executive is stepping down early next year. Meanwhile, the post-COVID labor shortages are starting to wear on the people who have headed back to work. Southwest (NYSE:LUV) is reportedly facing pilot protests due to overwork. Elsewhere, Topps trading cards will have to envision a future without its key license with Major League Baseball. The news has led to the termination of a pending SPAC deal with Mudrick Capital II (NASDAQ:MUDS). And Blend Labs (NYSE:BLND) dropped on its quarterly results, while Hexo Corp. (NYSE:HEXO) lost ground on a deal to raise capital. Johnson & Johnson (JNJ) announced late Thursday that Alex Gorsky will step down from his role of CEO, effective January 3. Joaquin Duato, currently vice chairman of the company's executive committee, will take over the CEO post. Wall Street
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Hot Stocks: JNJ's new boss; mad pilots at LUV; Topps splits with MLB; BLND falls on earnings